Hagerty (HGTY) Draws Focus Following Record Las Vegas Sales, Is The Stock Too Pricey?

Las Vegas auction results put Hagerty in focus

Hagerty (HGTY) drew fresh attention after its Broad Arrow Auctions unit reported $92.8 million in Las Vegas sales, including 10 world record prices. The results spotlight the collector car market ahead of the company’s Q3 2026 earnings release.

Recent trading suggests interest in Hagerty is building, with a 30-day share price return of 16.75% and a 90-day gain of 35.58% at a latest share price of US$15.89. The 1-year total shareholder return of 40.74% and 3-year total shareholder return of 105.83% indicate buyers have been rewarded over time.

Scan across collector focused insurers and marketplaces that may benefit from rising enthusiast activity with our curated 19 high quality undiscovered gems alongside Hagerty’s latest auction driven momentum.

Hagerty now trades above the average analyst target and far above levels from earlier in the year. Is this price already rich, or is it still below where fair value sits once the latest auction momentum is priced in?

Most Popular Narrative: 10% Overvalued

The most followed narrative puts Hagerty’s fair value at $14.50, below the latest $15.89 close, so the recent auction excitement is running ahead of that anchor. For anyone tracking HGTY off the Las Vegas results, the key question is whether earnings can eventually grow into the current price.

The current valuation implies that Hagerty is fairly valued with the market already pricing in continued growth in policies in force, progression toward positive GAAP net income after the 2026 transition, and further contribution from Marketplace and Bennetts.

Risk framing has shifted from broad demographic and market value concerns to accounting and execution risks. GAAP net losses during the Markel transition, marketplace volatility and revenue pressure are now central to how earnings quality is assessed.

See why 0 investors see Hagerty as 10% overvalued.

Result: Fair Value of $14.50 (OVERVALUED)

Still, Hagerty’s story can wobble if GAAP losses tied to the Markel transition linger, or if chunky Marketplace and auction revenue turns softer than recent records suggest.

Find out about the key risks to this Hagerty narrative.

Next Steps

If the mixed signals around Hagerty leave you unsure, you may want to act quickly and weigh the potential benefits and risks using our balanced view of 1 key reward and 1 important warning sign.

Looking for more investment ideas beyond Hagerty?

If Hagerty has your attention, do not stop here. Broaden your watchlist and pressure test your convictions against other opportunities before the market moves on.

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• Hunt for quality at a discount by checking the 34 high quality undervalued stocks that combine solid fundamentals with appealing pricing.
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